Index Shows Midwest Economic Growth Slowed in June
The Midwest Economy Index (MEI) declined to −0.02 in June from +0.20 in May, falling below zero for the first time since November 2012. The relative MEI fell to +0.09 in June from +0.41 in May. June’s value for the relative MEI indicates that Midwest economic growth was close to what would typically be suggested by the growth rate of the national economy.